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IMPACT SPACES INC
NEW YORK, NY · EIN 922675460 · Form 990EZ · FY2024 · NTEE S99 · Community Improvement · Micro (<$100K)
revenue
$0
expenses
$875
net assets
$-875
employees
—
mission · from form 990

Impact Spaces, Inc. (Organization"), was formed and shall be operated exclusively for charitable purposes within the meaning of Internal Revenue Code ("Code") Section 501(c)(3). More specifically, the Organization will promote and support economic development activities in New York City by identifying and purchasing or leasing under-utilized office space with the intent to lease such office space to organizations that are tax-exempt under Code Section 501(c)(3) at below market rates to bolster the operations of nonprofits serving New York City, allowing them to operate more effectively and efficiently post-pandemic, and using more of their resources toward their mission and programs.

profile · synthesized from sources

Impact Spaces Inc. is a New York City-based nonprofit that promotes economic development by acquiring or leasing underutilized office space and subleasing it to other tax-exempt organizations at below-market rates. This model aims to reduce overhead costs for nonprofits, enabling them to direct more resources toward their missions. The organization focuses exclusively on supporting 501(c)(3) organizations operating in New York City.

named programs · 1 · from sources

What they call their work

Below-Market Office Leasing Program
Identifies underutilized office spaces in New York City, purchases or leases them, and subleases to 501(c)(3) organizations at below-market rates to reduce operational costs and strengthen nonprofit capacity.
activities · 1 group

What they do

  • Nonprofit Real Estate Holding 1 activity
    • Leasing under-utilized office space to nonprofits
      Leases under-utilized office space to tax-exempt nonprofits at below-market rates to support their operational efficiency in New York City.
financials · form 990EZ · fy2024
revenue
Total revenue$0
Contributions & grants——
Program service revenue——
Investment income——
Other revenue—
expenses
Total expenses$875
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits—
Grants paid out—
balance sheet
Total assets$34K
Cash—
Investments—
Liabilities—
Net assets$-875
2 years on record · 2023–2024
leadership · form 990 part vii · fy2024

Who runs it

board members · 2
  • JANA REED — Director
  • STEPHEN POWERS — Director
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.